Darden Restaurants Aktie News

Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, faces challenges in a tough industry with rising food and labor costs. Darden's scale advantage and strong performance in foot traffic and comparable sales help to insulate the company from the worst consequences of the current environment. The recent acquisition of Ruth's Chris and Darden's focus on fine dining est...

The concept of stocks for a hot job market comes at an awkward juncture. From the perspective of the Federal Reserve, it sought an excuse to raise interest rates.

A report from  Bloomberg today says that Red Lobster has engaged with a law firm as it decides whether to declare bankruptcy.

With corporate profits at record highs, many companies are returning much of that cash to investors through share repurchase programs. You can profit from this trend by entering long-term positions in buyback stocks.

Although the stock market is near an all-time high, there are still plenty of stocks that are underperforming. Lots of great companies have not participated in the bull market over the past 18 months and seen their share price slide deep into the red.

Darden Restaurants NYSE: DRI operational quality drove solid business in Q3, setting the stock up to continue its uptrend. Today's opportunity is that results were largely aligned with expectations and provided no catalyst for the market.

Darden says lower-income diners are cutting back on its brands while high earners are visiting more. Darden, which owns Olive Garden and LongHorn Steakhouse, said its customer base was reverting to its pre-pandemic makeup.

Olive Garden owner Darden has seen a drop in lower-income diners patronizing its restaurants. The company, which also owns Longhorn Steakhouse, on Thursday (March 21) reported earnings that showed sales up 6.8% for the quarter, driven primarily by its recently-acquired Ruth's Chris Steakhouse chain.